Anavex Life Sciences Corp (AVXL)

[Gator328]

There are enough retail investors with a high enough dollar average to buy at these levels to average down. That's why I suspect there will be a short-lived pop and then the next wave down.

Someone earlier commented how AVXL is mirroring the IBB. I think today shows this is not the case. DJIA up 500+ points, throw a dart at any ticker symbol and it's green, IBB up 5%, but AVXL in the red.

And the reason is because now is the time to invest money elsewhere, find those blue chips that rarely have 20% off sales, with the comfort of knowing that you can get back in AVXL just about anytime. Maybe you buy back slightly higher, but odds are the AAPLs and GOOGLs and JNJs etc will yield a higher percentage increase in that timeframe which makes the alternative options worth it.